1. Actuaries and Actuarial Issues Around the World
Professionalism
Issues
Bob Wilcox
11/23/2018

2. ASB & ABCD Independence
Established by Academy Bylaws
Members are Actuaries Appointed by Actuarial Leadership
No Official Review by Non-Actuaries
Financed by Members of Profession
Staffed by Academy

3. ASB & ABCD Independence Possible Changes
Incorporate Separately
Add Non-Actuaries to Selection Committee
Create Advisory Committee Primarily of Non-Actuaries

4. Qualification Standards
EXPOSURE DRAFT
QUALIFICATION STANDARDS
(including Continuing Education Requirements)
FOR ACTUARIES ISSUING STATEMENTS OF
ACTUARIAL OPINION IN THE UNITED STATES
Approved by the Board of Directors
American Academy of Actuaries
for release as an exposure draft
May 5, 2004
Comment Deadline: December 1, 2004

5. Qualification Standards
Significantly Expand the Scope of the Qualification Standards to Apply to All “Statements of Actuarial Opinion.”
No Change in 12 Hr. CPD Requirement but Hours that May come from Professionalism Increased from 25% to 33%.

6. CPD Requirement in Mexico
40 Hours per Year from Authorized Training Workshops
Must Include 6 Hours of Legal Issues
32 Hours Must Be Evidenced by Evaluation Exams.